Form 4: Arteris CFO Nicholas Hawkins Sells Shares to Cover Tax Obligations

Nicholas Hawkins, CFO of Arteris, Inc., sold shares of common stock on June 4th and 5th, 2024, to cover tax liabilities related to the release of restricted stock units.

Summary

• Nicholas B. Hawkins, the CFO of Arteris, Inc., reported the sale of company stock in a Form 4 filing with the SEC.
• The transactions occurred on June 4, 2024, and June 5, 2024.
• On June 4, 2024, 437 shares of common stock were sold at a price of $7.8125 per share.
• On June 5, 2024, 722 shares of common stock were sold at a price of $7.72 per share.
• The sales were executed to satisfy the reporting person's tax liability arising from the release of restricted stock units.
• The transactions were made pursuant to a 10b5-1 trading plan adopted on May 12, 2023.
• Following the reported transactions, Hawkins beneficially owns 241,737 shares, including 110,360 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to stock sales for tax purposes, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure of insider trading activity. It is common for executives to sell shares to cover tax obligations related to stock-based compensation.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders due to the increased supply of shares in the market, but the impact is likely minimal given the relatively small number of shares sold.

Key Dates